Reddit (RDDT) is gearing up for Thursday’s highly anticipated debut on the New York Stock Exchange. The IPO has garnered significant investor loan charge, marking the first social media enterprise to go public in nearly five years. The enterprise has set an ambitious valuation of $6.4 billion, with shares expected to commence trading within a range of $31 to $34 per share.
Yahoo money management’s Josh Schafer and Ines Ferré break down the details, providing insight into Reddit’s economic results and the pressure to become an AI play.
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